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tv   MONEY With Melissa Francis  FOX Business  December 19, 2012 5:00pm-6:00pm EST

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music yesterday. it was in mexico city, yeah can be a little weird particularly when there are that many clowns are there. all part of an wall pilgrimmage of clown club of mexico. people all over mexico make the religious journey to thank the virgin of guadalupe and ask for protection. they have been making that pilgrimmage over a 50 years. do you get freaked out by clowns? liz: my eyes. my eyes. new unemployment jabs claims for the week of december posted a drop of 29,000 from the prior week. last report was fourth consecutive weekly report showing decline in claims. the they are expecting tomorrow's report to have a move higher. david: other thing to watch, gdp numbers. liz: we'll see you tomorrow. melissa: i'm melissa francis and here's what's money tonight. will 2013 be the year of the bailout. the treasury is starting to liquidate their shares of
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government motors but what agency is waiting right around the corner for their rescue? our "money" power panels that their top picks for who santa might vice it with a little bailout booty. plus is the kill switch for the markets a killer idea or just a market killer? one of our top market watchers is here to break that down. and it might be a very unhappy new year for everyone as the threat of another crippling port strike grows. have you heard about this? if workers walk off the job on december 30th, we're looking at a billion dollar a day hit to the economy. that is a great way to start out 2013. even when they say it's not, it is always about money melissa: all right. first let's take a look at the day's market headlines. stocks falling off today after two-day hot streak with all three major indices
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closing in the red. investors spooked by bad housing data and all that nonsense in washington. dow closing down almost 99 points. another rough day for gold. a rise in homebuilder confidence driving investors away for a two-session loss of nearly 2%. right now gold is hovering around $1670 an ounce. oil futures for a fourth straight session of gains, crude oil for january delivery gained 1.8% to settle at $89.51 a barrel. all right. we're going to start tonight with a special holiday treat. it's the week before christmas and all through the house, lawmakers are frantic and starting to grouse. not from the cliff, though they do say they care, but from more and more bailouts which could soon fill the air. gm has been saved, they are snug in their beds, but images of fema, fha and the post office now entering our heads. all right, enough holiday
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poems, can't take anymore. go straight to tonight's game. who gets bailout booty and who gets the coal in their stocking? joining me now to help santa make out his list, brian wesbury no i know enjoyed my little poem. first trust advisors. >> i love it. i can't compete. melissa: you will get a chance in a second along with kirsten owers, daily beast columnist and fox news contributor and dan mitchell, cato institute. he will not be a grinch. >> swing gel bells, santa bailout smell. melissa: that was fantastic, good job. go down the list though. we had to joke this up frankly because it is so depressing. we're watching the government. the reason we're talking about this the government is beginning to get out of a lot of final set of shares of gm. if they tell out over the next 16, 18 months, price manages to stay where it is taxpayers will still be $7
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billion in the hole in the whole thing but you know the government will call it victory and look forward to our next bailout which could be the fha. brian wesbury, what do you think? let's look at our list. who would you like to bailout? how do you feel about the fha? >> if i look at your list, your full list, melissa, it is the post office that is the next on the list. melissa: yeah. >> but eventually, you know, one of the things that's happened in the economy over the last few years is that the only people making long-term fixed-rate mortgages at such low interest rates is the government. melissa: yeah. >> and i believe this is, this, we're going to have the s&l industry all over again. the taxpayers are going to be on the hook for billions, hundreds of billions of dollars of losses because you won't be able to fund 3.25, 3.50, 30-year fixed rate mortgages when interest rates and inflation are a lot higher than that.
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melissa: i'm unclear, who are you voting for here? are you voting for anyone on our list? for our audience we're talking about the fha, which is independent audit last month said it was facing $16 billion deficit. the post office we love to talk about them. they're always in troublee $16 billion net loss for 2012. we have fema. they say they have only $850 million in the bank. that will knot last very long and then there is the pension benefit guaranty corp. they back everyone's pension out there. they have a $34 billion deficit over the past year. you're talking about 40 million people who's pensions are, these are top four contenders right now. >> yeah, they're all, they will all get bailed out, melissa. this is christmas after all. melissa: oh, goodness. >> and they all will. and that's why our government budget is so big. it is out of control and it is because these agencies, really, can't do what they're charged with doing, without creating massive losses.
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we keep promising and promising ann promising more and more things to more and more people and that always costs more money. melissa: okay. kirsten what do you think? who do you think needs a bailout in this group? >> i don't really see these as bailouts. i see them as the government overspending and now it has to be paid for. so it's, once the government spends the money there is no way around it, they have to pay the bill. so the problem is they shouldn't have been spending the money in the first place. if you don't have the money, you shouldn't be spending it. if you want to look at the post office, if they can't provide the service, then they need to cut jobs. they need to raise however much they're charging for the mail. but they can't just spend money they don't have. melissa, this is the problem with our government. melissa: you can shut them down is the other option. >> or shut them down, right. melissa: yeah. >> but instead, you know they just spend this money they don't have. you know, it is not, something has to be done where, you know, i don't know, if congress can pass something you just can't spend money that you don't have.
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melissa: yeah. no, i mean -- >> that seems obvious. melissa: dan, what do you think about that? maybe we could make that a rule, you can't spend money you don't have? washington would be a ghost town overnight. that is all anybody who is there now knows how to do. >> means of course all of us taxpayers get a lump of coal in our stocking. i want to add another bad bit of news to your list there. melissa: oh, no. >> don't forget state and local pension systems for the exact same reason pension benefit guaranty corporation will get a bailout at some point you i'm afraid we'll bail out bankrupt pensions systems of california, illinois and some other states in effect copying the greek-french model of economic governance. melissa: yeah. >> it is bad news across the board but definitely bad policy as well because when you reward bad behavior, anybody who has kids knows, what do you get in the future? more bad behavior. melissa: how should we really deal with this from a serious perspective? i'm not in favor of bailing out these agencies.
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the post office example, let it go bankrupt. let part of its services go private. somebody could come in, that should be a private equity turn around where you cut costs like crazy, close down offices, salvage the good businesses. run it for profit. or shut it down entirely. the only one that is kind of interesting to me is fema because they are sort of a first line of defense. maybe there's a way to get their budget under control where maybe their, i mean they serve a purpose. i don't know that we just, i hate bailouts but they at least serve a purpose. they just spend wildly. >> yeah i don't want to sound like the grinch i think fema is not a first responder. it is basically a subsidy provider after the fact and it encourageses, look what is happening in new york and new jersey, politicians are using that as an excuse to get as much money as they can. politicians in washington are turning if into a christmas tree, of pork-barrel spending. melissa: no you're the grin much say forget. brian what do you say? >> well i would agree with
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that. you know the fema budget was 3 dal billion in the year 2000. this year it will be over $13 billion. at its peak it was 20 one after katrina. it has become a slush fund for local and state governments in a way for the federal government to redistribute monies to areas that are hit but in politically favored way. >> kirsten, do you want to save anyone's christmas on this list or we're throwing them all into the fire? >> like i said. i don't see them as bailouts. i see them as money spent the government has to honor. they can't just not pay debts that have been incurred in their name. once, the money has been spent. it is just like the debt ceiling. people say don't raise the debt ceiling. sorry the money is already spent. melissa: would you bail them out and shut them down then because they're not -- >> i think something has to be restructured and in a way they can't spend money they don't have. i agree on fema issue. it is incentive for a lot of ways to for people not to
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get whatever insurance they have. it is not got government's job to buy you a new house because you put it in a place where there was a hurricane or whatever. melissa: great point. >> and you didn't get insurance. i think that there needs to be, you know, some sort of revamping. melissa: we have got to go. i love this panel full of wise skroonls. thanks for joining us -- scrooges. >> merry christmas. melissa: merry christmas to you too. kill the switch after a number of trading debacles recently regulators seem to think that the way to prevent minor mistakes more ofing in full-blown fiascoes have a kill switch. this would shut down trading before things get out of control and companies are out millions of dollars of losses. here's the thing. could a kill switch hurt more than it will help. patrick spencer, great to have you back. >> thank you. i appreciate it. melissa: yeah, i'm happy to have you on bus this makes logical sense to me but i know you don't agree. what is it about a kill
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switch you actually think is detrimental? >> let me paint a picture for you. if the exchange notices some type of be a normalty going on and exercise the kill switch and all trading ceases, imagine the panic would spread across other market participants, don't have a problem and don't know what is going on. you would sea level of panic, don't know whether it is terrorist attack, problem at the exchange and they lost their own feed. when the market reopens, you have such a lack of liquidity and people are looking around saying what is going on. melissa: we have a situation like this, stock is limit up, limit down and stops trading and there is some irregularity and everybody waits to see what the news is and reopens. we see stocks stop trading. i don't see why this is any different? >> we have defined amount, stock down 10% that circuit breaker. when it is down 10%, this is what happens.
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what the kill switch is talking about, if the exchange notices some irregularity, that is not defined as all, something they see unusual they can kill it. so nobody else would know what is it going ton there. kind of like regulators addressing a tremor in somebody's arm by cutting off the arm. they're addressing a symptom of a much larger problem by exercising a kill switch. that's not the right resolution to this problem. harge of the switch is a great point. that is certainly a point of concern. i wonder in the case of capital, they wrote a program that they implemented incorrectly. it all of sudden bled the company dry. somebody got up from the computer went to get a doughnut and came back and they trashed the whole entire company. that seems like an exact situation where all of sudden you would see this flood that would be the perfect situation where you would a kill switch to shut things down to say, wait a second, what is going on here? >> here is the interesting counterpoint to that, knight capital in that example,
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didn't even realize they had a problem for minutes. melissa: right. >> until they realized, tried to identify where the problem was. so at a company level, i think a kill switch is a great idea. anybody that is trading should have some ability to pull the plug but at exchange level, if knight capital can't even identify it in their own company, how is an exchange going to be looking through order flow and saying oh, i see a problem here so we're going to cut the whole market out? and, you know, cease trading. that --. melissa: there wasn't a massive influx of trading that came in from knight capital at that moment to the nyse they were trying to direct somewhere else. that is the problem, it all went into one spot really quickly. seems like that is something could be identify and shut down? >> here we're getting to the heart of the issue. high frequency trading does exactly that and they rush orders into the market and quote stuffing, send hundreds of thousand of orders in a small amount of time to manipulate markets one direction or other.
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sec is so far behind. they don't see this happening. they don't have anybody on staff that is sophisticated enough to identify this that rush of orders doesn't necessarily show that there's a problem. it just shows some high frequency trade der --, that is how you game this you say hhw can i create some panic and how can i force the market to shut down? when it reopens then i will be able to get some volatility. that is how high frequency traders make their money. melissa: i think you convinced me, spencer. >> good. i hope so. somebody should be listening. >> appreciate you coming on. appreciate your time. >> thank you. melissa: up next the fiscal cliff dmeg shuns are heating up-and-coming down to the wire. is a deal in the works? we'll hear from two texas lawmakers from both sides of the aisle. do you ever have too much money or too many bailouts? i always wait until the last minute.
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♪ . melissa: so lawmakers in d.c. might also be getting those huge lumps of coal in their stockings this year that is if they make a deal on the fiscal cliff. president obama urging republicans today to quote,
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take the deal. while speaker boehner is gearing up for the house vote on his controversial plan b. where exactly do things stand now and what is going on behind closed doors, right? isn't that what we're all wondering? joining us republican senator kay bailey hutchison. senator hutchison, thanks so much for joining us. >> thank you, melissa. melissa: outside the beltway we're all watching and we feel like we're a million miles away and it is very hard to tell what is actually getting done. do you feel like things are getting closer to being resolved or what's your take? >> well, it's very frustrating for all of us but i do think that there is more talk and, you see the posturing on both sides, which means that there is talk. i'm fairly optimistic. i do believe that the fiscal cliff is something we should not go over. i think both sides have given in public and i think that's a major step in the right direction. before this, before this
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week, we saw no give on the either side. now i think we're seeing a closing of priorities and so i'm fairly optimistic. melissa: you know it is a roller coaster ride for the rest of us though. we're sitting here watching. we think things are getting closer to being done. speaker boehner comes out this afternoon. they shake hands and look like buddies president and speaker boehner. boehner comes out this afternoon, gives a 45 second pros conference. catch us all off-guard. he looked annoyed, angry, agitated by everything going on and look wait, it is falling apart? >> well, i think they are talking and i think, you know, both of them have been very out front with their positions. ann while i think, it is hard to tell and with just the two of them at the table i think that they are talking and i think they are coming closer together. and i think america very
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much wants to see movement. and we believe the debt ceiling is $16 trillion is way too high. we've got to deal with that. so i know that there has to be for the president some revenue and for the republicans there has to be some entitlement reform. melissa: right. >> deficit reduction. and so i think that's where we're seeing some closure on both sides and, i'm fairly optimistic. i really am. melissa: do you think plan a or plan b has a better chance getting through right now? which one would you bet on? or none? >> i don't think we'll have either plan a or b. i think we're going to have more coming together. i think there is something between a million and 400,000. there's a lot of room in there. and of course i don't think we ought to raise taxes on anyone. melissa: right. >> but if we can make major
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steps towards assuring the bush tax cuts on 98% or, 99% of americans, and cover small business people as well as we possibly can, then, you know i think we're in the range of making some kind of an agreement as long as there are entitlement reforms that we can see like the president has suggested he would do, which is, and i have to say i was encouraged that nancy pelosi said that the chain cpi means we'll stablize and make social security stronger. which is true. melissa: yeah. senator -- >> that is huge. melissa: we like to cut through the language and break it down to our own money meter on the show, on a scale of one to money, what do you think are the odds we keep ourselves going over the fiscal cliff and get a deal done? what would you say on a numerical basis? >> 4.75. melissa: wow! that is almost money. that is right just a
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fraction, you know, a few 1 hundreds below money there. thanks for coming on. we appreciate it. back to work. >> thank you very much. melissa: you heard a texas republican's take on the fiscal cliff negotiations but are the democrats singing a different tune? we are going to hear from another texan on the other side of the aisle. we love texas. that is coming up. and $1.5 billion could be on its way to syria as medical supplies dwindle and food shortages wreak havoc on the country. middle east expert walid phares is here with his take. more morn any coming up.
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and actually hammering out a deal it save our economy? well, you just heard texas republican senator kay bailey hutchison say she thinks it is almost a certainty but are democrats singing a different tune? we wanted to check it out. joining me democratic congressman henry cuellar. thanks for joining us. >> thank you very much. melissa: i said before, we're a million miles away. if you're outside the beltway feels like you live on a different planet first of all. that's that. we watch what is going on in washington and thinking are they getting closer to a deal or not? one minute everybody is friends. next minute they're hurling insults at a press conference. you tell me. what is going on behind closed doors? >> i think we're seeing process the art of a deal. both parties come very far apart. they get a chill lowser. right before they seal the deal they will do a little posturing like we're seeing right now. we'll probably take votes tomorrow that really don't mean anything. we'll come back next week
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right before the deadline and the art of the deal will be done next week. melissa: really? so you think it is a christmas eve type situation when something might happen because that is monday after all? >> yes. well, actually a little bit next week, should be the 31st. melissa: there after christmas, all right. >> the day after christmas we'll come back. it is just, if you look at any negotiations, you want to call the dance of the negotiations, you have one say saying first, very far apart. they get a little closer. right before they seal the deal, they're going to posture. we're seeing this right now. we saw this in other debt ceiling. we've seen it before. we're going to see it again next week. melissa: you say the plan b vote, that is meaningless in your mind? >> well, it's in a way, it really doesn't matter that much but for some people they got to take this vote. they got to send that message to their own constituents. at end of the day it is not the final vote. there will be a final vote
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but i think it will not be tomorrow but sometime after that. melissa: you know, to the rest of us here outside the beltway seems like there is a lot of quibbling about who among the wealthy is going to pay more taxes. all that and the end amounts to about $10.50. it will close the problem that we have with the budget by, you know, so little, it doesn't make any difference at all. and it doesn't seem like you guys are talking about controlling any of the massive overspending which, if this were my house and my budget were this far out of whack, boy, we would cut up credit cards and get down to business not spe anymore money. >> last year when we did the debt ceiling we cut over a trillion dollars next 10-year. we're ready to cut more money. i'm one of the blue dog democrats, i want to see more cutting. we need to do that. melissa: that is growth of new spending. that is not like actually cutting spending. that is slowing down increase of spending. >> well that is why the sequestration is a good hammer for us to sit down and cut some of the growth,
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because, there are, we have cut some. we need to cut more but we have to set some priorities on how we cut. melissa: okay. let's talk a little money meter here because i'm getting depressed and i want to have some fun. on a scale of zero to money, what do you think, or one to money. we don't really do zero because that would be too depressing. what are the odds, zero to money, what do you think gets done. >> my optimism as americans, can do spirit. i say a five. melissa: a five? that is money times two, well, not quite. that is amazing. awesome. thanks so much for coming on. we appreciate your time. >> merry christmas. melissa: all right. time now for today's fuel gauge report. the obama administration is said to review new environmental analysis of the excel pipeline. they say critics won't be happy unless it includes climate change cost.
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they will decide whether we need canadian oil giving the fracking going on. this is the one of the final steps before the government has to decide whether or not to approve the pipeline next year. bp knows it is selling its stake in the largest offshore natural gas producing fields in china for $308 million in cash. they're out of there. shares closed up shoe slightly on that news. north dakota oil production rises to a record 23.1 million barrels in november! the state department of mineral resources says that is up more than a million barrels just from september! you go, north dakota!. next up a request to send 1.5 dal billion in aid to syria. will throw money at the problem make it go away or is the time coming to take some real action? speaking of billions of dollars, that's about how much it is going to cost our economy every day in the a union makes good on its new
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threat after port strike. will uncle sam have to step up and break the picket lines? "piles of money" coming up. ...so as you can see, geico's customer satisfaction is at 97%.
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melissa: turning to the middle east and syria, the united nations wants $1.5 billion to provide life-saving aid up to a million syrian refugees the
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magnitude of this humanitarian crisis is indisputable but how and to whom should this money be distributed? with me now is walid phares, fox news's middle east expert. welcome back to the show. >> thank you. melissa: we look at the video of everything that is going on there and especially you see the horrifying pictures of kids crying and running and you know so many people need help and need food. >> yes. melissa: and you want to do something but it's very difficult to figure how, you know, especially when you have a regime that is intentionally blowing up bakeries and delivery trucks. what do you think? how do we get this done and should we? >> first of all the food. we have two options. let's talk money in addition to strategy. if the option is spend high and finish the crisis quick then we'll organize intervention as in libya with allies. that could basically allow us to do a change in syria. the problem the iranians may intervene. we may find ourselves spending even more to
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contain the iranians. the other option probably the obama administration is looking at, to lay low, spend money on opposition but through the united nations as you just mentioned spend significant amount, would be 1 to $2 billion on sustaining viability much the refugees and there are number of one million at this point in time. melissa: but who we give that money too to get in there because it is not as simple and showing up handing out bread to children which is what we would like to do but it doesn't work like that. so how do you do it to get it to the right people and who do you empower by handing them the money or bread to give out to the people? >> absolutely. the people who to empower is absolutely crucial, melissa. but before that we can't send the aid directly to the syrian people as long as there is civil war. we can not give it to the assad regime, there is no doubt about that. and second, assad regime will only send it to the his
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own people. we have four countries surrounding syria. turkey to the north. some refugees. jordan has 100,000 or so refugees and lebanon as significant number of refugees. the idea to make sure that the organizations we'll work with, meaning the united nations and people on the ground will be non-government organizations, ngos that are not controlled by the radicals. this is why if we give that aid through radicals controlling the organizations they will be the heroes. they will be the ones to lead syria in the future and that would be counterproductive for us. we have to be careful who to send the aid through. melissa: doesn't an organization exist that can go on the ground and hand out the bread? because $1.5 billion even at new inflated price of bread in syria right now, would provide bread for a whole entire year for all of the million refugees that are out there. >> but i add one more thing here. we have enough bread, enough money to buy bread for one year for all refugees.
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but that's now. what if there is escalation of violence in syria and there will be another million? that is very possible. if effort dislodged from damascus goes to another area in syria, if iranians intervene, hezbollah intervines. it is very difficult to crunch the numbers. they must identify the right people to before they send aid to syria or otherwise we'll have another problem years from now. melissa: do you know who the right people are from one group? i feel we haven't solved this. >> we have the same problem in egypt. we partnered with the muslim brotherhood we realize half of egypt is against them. we need a task force on syria as soon as we can. melissa: walid, thanks very much as always. another port strike threatens to cripple the economy just in time for the new year. whoo-hoo. our next guest has the answers how to prepare for it and ways to fix it. we'll fix something tonight, i promise. at the end of the day it is all about money. ♪ .
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melissa: just in time for the new year another round of port strikes are looming. this could affect ports on
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east and gulf coast that could affect ports coast to coast. dock workers are threatening to walk off the job on december 30th at 12:01 on the dot if they can't come to agreement with management, united states maritime alliance. if this happens, we're looking tens of thousands of people temporarily unemployed. businesses suffering without necessary goods. it could cost the nation a billion dollars a day. linda corn felled is a partner at jenner and block. she is here to break down what can be done to fix this and how businesses can prepare for the potential crisis. linda, well come to the show. let's start with the problem at hand. what is the likelihood we'll see an agreement and not see a work stoppage? >> good afternoon, melissa. i don't know what the answer to that question is. we hope this will get resolved. if it doesn't get resolved as you just mentioned the economic impact could be massive. the question we have what can businesses be doing? as you said, 12:00 a.m. on
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midnight, december 30th that is when this becomes a potential issue. there are 10 days between now and then. the question what businesses can do between now and then to decrease the risk of loss if that happens. melissa: that's a great point and if you're watching out there and will be impacted by this, you are thinking to yourself there is nothing i can do to stop people going off the job. all i can do is protect myself. who are you talking to specifically? what can they do? >> businesses right now today should be thinking about how they may be impacted. there are companies know, know what shipments they have coming in and now how they are impacted because those shipments are not coming in. they need to assess the risk of loss but what about those companies a couple of rungs up the supply chain? they may not be relying directly on shipments coming in but they may need companies that are getting those shipments to create product that ultimately gets to them so they can do their business. so all businesses on the
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supply chain that potentially could be impacted need to think about what the potential impact could be. they need to look at their contracts with their trading partners. importantly they need to pull their insurance policies. this is not a time for insurance policies to be gathering dust. there are many insurance policies that potentially could be applicable, that companies may not be appreciate are applicable. melissa: really? like what? what would you look for in an insurance policy that would protect you against a potential strike that would impact your company? >> trade disruption insurance. voyage disruption insurance can be very important here to respond to this event. traditional coverages like marine and cargo insurance. even possibly policies like first party business interruption and property policies. at the end of the day it will depend what those policies say and whether those policies will apply. trade disruption policies may be most relevant. but the important point here is having a look at policies you may have as a company in your possession and reading them carefully now because
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so many of those policies have requirements for notice. melissa: yeah. >> if it is possible you may be impacted your insurer may want to hear about it today. even if the event doesn't happen they may want to get involved in the process early. so it is important to know what your rights are under those policies. melissa: you said, it is a great point, look at the contracts you have with vendors and customers. what are you looking for? >> well important questions are, if there is an event that interferes with a vendor's ability to get goods to you are there indemnity provisions within those contracts that would require the vendor to pay money for any loss you may be suffering. on the other side of it, are you going to have indemnity obligation to your trading partners? other important questions are if there is an event that may interfere with a contractual relationship, what are the legal rights? what are your duties? and how can you protect can specific terms be renegotiated now to prevent a legal issue between companies or business partners? things like that. melissa: yeah, linda, thank you so much. that is all great advice.
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i like we're empowering our viewers rather than just scaring them and depressing them what is coming down the line with this strike. there is things you can do as small business owner, medium-sized business owner to prepare yourself. thanks for coming on, we appreciate it. >> thank you very much. melissa: here is the question of the day, if port workers go on strike should the government step in? most of you say no and striking workers should be fired especially on twitter. you guys are brutal. one of you asked, should i be shopping for christmas? we want to hear more from you. like us on facebook, facebook.com/melissafrancisfox or follow me on twitter, @melissaafrancis. it is the question on everybody's mind. what happens when a 75-foot mudslide hits a freight train? the answer is amissing video. we'll show you the rest of this on the other side of the break. you can never believe it. you can not have too much money but you can have too
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much mud, let me tell you. ♪ . i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery.
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>> this is a test
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melissa: we are supposed to be rocking out during that song. okay, it is time for "spare
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change." today we have two special guests. thank you both for joining us. this is my favorite story of the day. check out the grinch. caught on this home surveillance camera. that's right, this woman is stealing people's holiday gifts. stealing holiday decorations as well, at least five homes in the last two weeks. you can see it happening right there. it is right there. all the homes when a few miles of each other and in an upscale neighborhood. she is organize, she is rolling of the courts,. >> yes, she is like sauntering, taking a little leisurely stroll. melissa: lieutenant involved said that evidence is -- i'm
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sorry, rarely do we get photographic evidence of a suspect who look like anyone's mom. >> you know, i didn't see the footage. they set a thirtysomething blonde woman loading a pickup truck, and i said melissa -- but then i saw her, and she is little bit different. melissa: no, that's not me. but i think she's going to get caught. at the end of the rticle there is a phone number to call if you know who she is. melissa: moving on to a "spare change" update. this woman putther own original artwork on ebay. it sold for $1400. all the money go to roman catholic charities. are you surprised?
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>> so is her art to make of the motives of defacing jesus? >> what you think? [talking over each other] >> you can buy anything on ebay. if this woman sold painted over picture, that is how ebay is. melissa: you think that that is a low price? >> i think somewhere diego rivera is doing cart wheels in his grave, that's what i think are it is the end of the world as we know it. melissa: next up, check out this mudslide in washington state. it is crazy. it derailed a freight train. there comes, there comes the mod. six other cars were derailed. this wasn't even the only one. look at that.
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[talking over each other] >> look at that mudslide. melissa: that could be malibu. there are a lot of my flight up there as well. that is really crazy knocking the train over like that. incredible video. mcdonald's is earning its franchises to be open for christmas. this is for anyone craves the golden arches. wrench sizes that are opening on christmas day average $5500 in sales. i think it would think it would be more. more than 1200 mcdonald's opened on thinking this year. sales were up. it is no slam on my mother-in-law's food, but i do like sneak off to mcdonald's on christmas. >> thank you. those of us who go to chinese in the movie have the option for a big macs in the movie or a happy
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meal. melissa: i would rather have a happy meal. >> yes, i would love that. >> are you going to mcdonald's on christmas? >> nothing better than a big macs on christmas. this year, they could decorate the storage by borrowing the christmas lights of the woman still in california be one that's a great idea. here is another one out of washington. 7000 wii consuls. a box truck full of them. this is on saturday night. police have no information in the culprit is not known. the selling of these wii consuls could lead to the capture. >> they could be selling them on ebay. >> this was my first reaction. i just pray that the nightwatchman was an honor. because if he wasn't, he will never get another semi trailer and a forklift.
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this guy will never work again. >> let me address this from the first segment. this is what you do. you knock it off, whatever you do, you get some real money. >> there is nothing more festive than a holiday wreath. melissa: moving onto the end of the world, a guy in hong kong believes in the mayan calendar and on december 21, the world is doomed. so he quit his job and he sold his apartment and he started spending all of his money. this was six months ago. he has just gone hog wild. raft of all these bills, got rid of everything, his family is so worried. so it is either doomsday for real or his doomsday. what do you think? >> as you said, he left his family penniless or it he thi

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